FY2020 Earnings Forecast for Zions Bancorporation NA (NASDAQ:ZION) Issued By DA Davidson

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Zions Bancorporation NA (NASDAQ:ZION) – Research analysts at DA Davidson upped their FY2020 earnings estimates for Zions Bancorporation NA in a report released on Friday, January 24th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $4.54 per share for the year, up from their prior estimate of $4.33. DA Davidson has a “Neutral” rating on the stock.

Other analysts have also issued reports about the company. Raymond James boosted their target price on Zions Bancorporation NA from $49.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 22nd. Bank of America lowered Zions Bancorporation NA from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Wednesday, January 22nd. Robert W. Baird lowered Zions Bancorporation NA from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $49.00 to $46.00 in a research report on Tuesday, December 3rd. BidaskClub lowered Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Finally, ValuEngine raised Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.06.

Shares of Zions Bancorporation NA stock opened at $46.46 on Monday. Zions Bancorporation NA has a one year low of $39.11 and a one year high of $52.48. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.37 and a beta of 1.58. The business has a 50-day simple moving average of $50.68 and a 200 day simple moving average of $46.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.85 and a quick ratio of 0.85.

Zions Bancorporation NA (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.11). Zions Bancorporation NA had a net margin of 25.15% and a return on equity of 12.19%. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $702.03 million. During the same period in the previous year, the firm earned $1.08 earnings per share.

In other Zions Bancorporation NA news, VP Randy R. Stewart sold 4,269 shares of Zions Bancorporation NA stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $50.95, for a total transaction of $217,505.55. Also, COO Scott J. Mclean sold 44,706 shares of Zions Bancorporation NA stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $51.07, for a total value of $2,283,135.42. 1.70% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in Zions Bancorporation NA by 0.6% in the third quarter. Creative Planning now owns 32,553 shares of the bank’s stock valued at $1,449,000 after purchasing an additional 204 shares during the last quarter. Private Advisor Group LLC lifted its stake in Zions Bancorporation NA by 4.5% in the second quarter. Private Advisor Group LLC now owns 6,214 shares of the bank’s stock valued at $286,000 after purchasing an additional 269 shares during the last quarter. CX Institutional lifted its stake in Zions Bancorporation NA by 1.1% in the fourth quarter. CX Institutional now owns 25,596 shares of the bank’s stock valued at $1,329,000 after purchasing an additional 279 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Zions Bancorporation NA by 37.8% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,068 shares of the bank’s stock valued at $47,000 after purchasing an additional 293 shares during the last quarter. Finally, Sippican Capital Advisors lifted its stake in Zions Bancorporation NA by 4.5% in the fourth quarter. Sippican Capital Advisors now owns 9,300 shares of the bank’s stock valued at $483,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Zions Bancorporation NA Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

See Also: Roth IRA

Earnings History and Estimates for Zions Bancorporation NA (NASDAQ:ZION)

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